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AntWorks has been recognized by CIO Applications Europe Magazine as the exclusive recipient of “Top 10 Machine Learning Solution Providers - 2019,” based on our proprietary methodology, reflecting its position in the industry, and is also named among “,” reflecting its broader leadership. This profile has been developed by the CIO Applications Europe research and editorial team based on insights from an interview with Asheesh Mehra, Co-Founder & CEO.

AntWorks

AntWorks
Scripting Success in Every Automation Journey

Asheesh Mehra, Co-Founder & CEO, AntWorksAsheesh Mehra, Co-Founder & CEO
After spending 25 years in various leadership roles to manage business process automation (BPO) operations—20 days per month on a plane and 18-hour days—came a point when Asheesh Mehra said to himself, “Its time to build my own dream.” He wanted to expand his reach beyond the BPO industry and explore new opportunities in process automation. He had a plan and he put it into action—he co-founded AntWorks!

AntWorks: A start-up on the fast-track of automation

Within a few years of existence, AntWorks is transforming the business process landscape with its solutions across cognitive machine reading (CMR), robotic process automation (RPA), and cognitive process automation solutions. It offers the ‘only integrated, enterprise-level, intelligent automation platform— ANTsteinTM—that is powered by fractal science.



Asheesh Mehra says, “We apply machine learning (ML) and natural language processing (NLP) to the front-end of a business process to ensure we obtain clean data to enable a seamless, automated process.”

Tom Reuner, Senior Vice President, HfS Research says, “Antworks’ holistic approach to automation and the compelling vision makes them one of the most innovative providers in the market. The value proposition of linking the RPA capabilities with machine learning and that is including semi-structured content such as handwriting and forms as well as broader cognitive capabilities, including pattern recognition, even images, are going beyond what you see most in the market.”



ANTsteinTM: From input to insight

Built using fractal science that integrates ML, pattern recognition, adaptive learning, and deep learning, ANTsteinTM—the AntWorks platform—provides advanced operational and business analytics, cognitive decision-making capabilities, and advanced operational diagnostics. It is platform-agnostic and can be integrated to any enterprises’ core system.

Today, ANTsteinTM caters to numerous industry segments. Several banks have successfully leveraged the platform to automate many processes including the Know Your Customer (KYC) process.

A case in point showcases AntWorks’ capabilities

AntWorks was engaged by a large Indian bank to automate its Know Your Customer (KYC) process that was data-intensive and comprised of a mix of data inputs. The solution had to read and extract multiple data formats like signatures, photographs, hand-written forms, and printed text from new account opening forms. It also had to transform the data using business rules and transport it into a government system for customers’ KYC approval request.

We apply machine learning (ML) and natural language processing (NLP) to the front-end of a business process to ensure we obtain clean data to enable a seamless, automated process

AntWorks provided a comprehensive solution by using its multi-format, data ingestion platform for cognitive machine reading and its RPA module for querying and procuring approvals from the government site. Once the inputs were scanned and photographs were cropped to the government stipulated sizes, the data was uploaded to the Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) portal by a single touch of a button.

“We finished the process in less than an hour, resulting in an overall cost saving of 90 percent, 85-90 percent increase in productivity, and a shorter time-to-market with improved customer satisfaction,” says Mehra.

In its short sprint in the automation space, AntWorks has also seen a lot of traction in the healthcare space including its usage by oncologists in cancer research. With sales presence in the US and the UK, the company plans to expand its footprint across North America and Europe. In the next year, AntWorks plans to introduce point solutions in accounting, airlines, education, telecom, and utility sectors.

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Top 10 Machine Learning Solution Providers - 2019
ON THE DECK

AntWorks News

S Venkatramani Joins AntWorks™ as Senior Vice President (Sales) - India Subcontinent

MUMBAI - AntWorks, a global leader in Intelligent Automation, today announced that renowned emerging markets leader, S Venkatramani, has joined the company as Senior Vice President (Sales) for India Subcontinent. In his role, Venkat will oversee customer acquisition, sales strategy and strategic client relationships across markets covering India, Sri Lanka and neighbouring Bangladesh for all AntWorks product offerings, and lead the aggressive growth objectives for the region. Venkat brings with him a rare combination of industry and market know how, deep customer relationships and a vast network of strategic partnerships to help drive leadership in this market.

Before joining AntWorks, Venkat ran an independent consulting and strategy firm, Cerebum Digital Consulting, as Founder and Chief Evangelist. His mission was to help mid-tier IT companies and start-ups to create and build scale in emerging markets (India, ME and AP) – particularly on new age solutions around analytics, cloud and cognitive offerings.

Prior to this, Venkat held several senior leadership positions in his long and distinguished career spanning over three decades at IBM, Cognizant and TCS, driving growth strategy, sales and strategic client relationships in emerging markets.

As a trusted advisor with many of his clients, Venkat has seen the adoption of new technologies in the digital, cognitive and analytics space, particularly in the banking and financial services industry. Venkat believes that the next frontier for customers will be to drive superior customer experience through adoption of intelligent automation technologies and provide a 'straight-through processing' capability and therefore, a compelling differentiation. Venkat commented: "AntWorks, with its unique platform offering a blend of unstructured data extraction, analytics and RPA makes it a compelling end-to-end offering to drive this era of digital transformation. I am delighted to join this wonderful colony and at the forefront of a new disruptive phase in the industry."

AntWorks Co-Founder Govind Sandhu also commented: "Venkat brings deep domain knowledge and vast experience of the Indian market to help us build deep partnerships and engage meaningfully with clients on their transformation journeys."

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